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Japan's economy cools on weak capex in Q1, revised data shows
Capital spending fell 0.7% as the revised data showed 1.8% annualized growth, while the Bank of Japan is still expected to raise rates.
Summary by Reuters
Japan's economy lost momentum in the January-March quarter from the previous three months over sluggish capital expenditure, revised gross domestic product (GDP) data showed on Monday, pointing to challenges ahead due to the Middle East conflict.